$345.69 Million in Sales Expected for Encore Capital Group, Inc. (NASDAQ:ECPG) This Quarter

Equities research analysts forecast that Encore Capital Group, Inc. (NASDAQ:ECPGGet Rating) will report $345.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Encore Capital Group’s earnings. The highest sales estimate is $365.60 million and the lowest is $330.47 million. Encore Capital Group posted sales of $416.84 million during the same quarter last year, which suggests a negative year-over-year growth rate of 17.1%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Encore Capital Group will report full year sales of $1.36 billion for the current fiscal year, with estimates ranging from $1.29 billion to $1.44 billion. For the next financial year, analysts forecast that the company will report sales of $1.37 billion, with estimates ranging from $1.27 billion to $1.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Encore Capital Group.

Encore Capital Group (NASDAQ:ECPGGet Rating) last posted its earnings results on Wednesday, February 23rd. The asset manager reported $2.53 EPS for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.39. Encore Capital Group had a return on equity of 27.46% and a net margin of 21.73%. The firm had revenue of $357.30 million for the quarter, compared to analysts’ expectations of $361.60 million. During the same period last year, the firm earned $1.30 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis.

A number of research analysts recently weighed in on ECPG shares. Truist Financial raised their price target on shares of Encore Capital Group from $70.00 to $87.00 in a research note on Thursday, February 24th. Zacks Investment Research lowered shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Friday, February 25th. Northland Securities raised their price target on shares of Encore Capital Group from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, February 15th. Finally, StockNews.com started coverage on shares of Encore Capital Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $76.00.

Shares of Encore Capital Group stock opened at $59.37 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of 5.29 and a beta of 1.31. Encore Capital Group has a twelve month low of $37.77 and a twelve month high of $72.67. The firm’s 50-day moving average price is $64.38 and its 200 day moving average price is $61.02. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.53.

In other Encore Capital Group news, insider Ryan B. Bell sold 6,662 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $63.60, for a total value of $423,703.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.01% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. purchased a new position in Encore Capital Group in the 3rd quarter worth approximately $38,000. O Shaughnessy Asset Management LLC raised its position in shares of Encore Capital Group by 30,950.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,242 shares of the asset manager’s stock valued at $61,000 after buying an additional 1,238 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Encore Capital Group during the 4th quarter valued at approximately $65,000. Royal Bank of Canada raised its position in shares of Encore Capital Group by 32.2% during the 2nd quarter. Royal Bank of Canada now owns 4,094 shares of the asset manager’s stock valued at $194,000 after buying an additional 997 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Encore Capital Group by 28.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,166 shares of the asset manager’s stock valued at $197,000 after buying an additional 698 shares during the period.

About Encore Capital Group (Get Rating)

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.

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Earnings History and Estimates for Encore Capital Group (NASDAQ:ECPG)

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